May 27, 2022

In this strategy briefing…

Good Evening: Markets broke an 8-week losing streak. The beginning of the week was tough, and not much has changed regarding the many risks facing markets other than inflation appears to be cooling. Despite this much-... – The Wall Street DebriefRead more
Economy (parts) becoming a “buyer’s market” reversing “seller’s market” since 2020 = downside to inflation I had a conversation earlier this week with the owner of one of the largest privately held food producers in the ... – Tom Lee's Equity StrategyRead more
There was a bounce this week. As I've previously said, markets were getting tactically oversold, and I expected a tactical bounce after eight consecutive down weeks. Regardless of the positive price action today there are still ... – Alpha CityRead more

FS Insight Investment Views

Near Term View:Markets rose on a weekly basis after an eight-week losing streak. Fed minutes, PCE and a bid for Nvidia helped lighten the bearish mood. The bounce should have some short-term power, but we wouldn’t rule out further downside ahead quite yet.
‘22 Target:5,100 (YE P/E 20.5x · 2023 EPS $250)
Granny Shots:AAPL, MSFT, AMZN, CSCO, GOOG, QCOM, AVGO, GRMN, TSLA, NVDA, AMD, BF-B, PM, AMT, EXR, CCI, QRVO, PG, MNST, KLAC, VINF, CB, WRB, ALL, DVN, PSX, CVX, CF, XOM, AXP, PYPL
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